REGISTERED NUMBER: 11063698 (England and Wales)

Sanica Building Materials Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr H E Onal

REGISTERED OFFICE:

Unit L

Stafford Works

Liston Road, Liston

Sudbury

Suffolk

CO10 7FN

REGISTERED NUMBER:

11063698 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sanica Building Materials Limited for the year ended 31 December 2024 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sanica Building Materials Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sanica Building Materials Limited and state those matters that we have agreed to state to the director of Sanica Building Materials Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sanica Building Materials Limited and its director for our work or for this report.

It is your duty to ensure that Sanica Building Materials Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sanica Building Materials Limited. You consider that Sanica Building Materials Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sanica Building Materials Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

15 September 2025

FIXED ASSETS

Property, plant and equipment

4

23,651

35,252

CURRENT ASSETS

Inventories

2,048,982

1,633,874

Debtors

5

925,059

746,663

Cash at bank and in hand

303,624

220,246

3,277,665

2,600,783

CREDITORS

Amounts falling due within one year

6

3,047,809

2,425,071

NET CURRENT ASSETS

229,856

175,712

TOTAL ASSETS LESS CURRENT LIABILITIES

253,507

210,964

PROVISIONS FOR LIABILITIES

8

3,982

7,993

NET ASSETS

249,525

202,971

CAPITAL AND RESERVES

Called up share capital

9

1,000,000

1,000,000

Retained earnings

10

(750,475

)

(797,029

)

SHAREHOLDERS' FUNDS

249,525

202,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

Mr H E Onal - Director

1.	STATUTORY INFORMATION

Sanica Building Materials Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when the customer takes delivery of the order.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

17,344

18,368

46,822

9,912

92,446

Additions

249

-

-

274

523

Disposals

-

-

(17,566

)

-

(17,566

)

At 31 December 2024

17,593

18,368

29,256

10,186

75,403

DEPRECIATION

At 1 January 2024

12,445

9,144

29,528

6,077

57,194

Charge for year

1,029

1,577

2,933

1,027

6,566

Eliminated on disposal

-

-

(12,008

)

-

(12,008

)

At 31 December 2024

13,474

10,721

20,453

7,104

51,752

NET BOOK VALUE

At 31 December 2024

4,119

7,647

8,803

3,082

23,651

At 31 December 2023

4,899

9,224

17,294

3,835

35,252

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

900,385

723,989

Other debtors

24,674

22,674

925,059

746,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

608

-

Trade creditors

2,855,509

2,271,263

Taxation and social security

187,148

149,134

Other creditors

4,544

4,674

3,047,809

2,425,071

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

4,716

5,151

Between one and five years

2,751

3,434

7,467

8,585

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

3,982

7,993

Deferred

tax

£

Balance at 1 January 2024

7,993

Credit to Statement of Income and Retained Earnings during year

(4,011

)

Balance at 31 December 2024

3,982

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

999,900

Ordinary

£1

1,000,000

1,000,000

10.

RESERVES

Retained

earnings

£

At 1 January 2024

(797,029

)

Profit for the year

46,554

At 31 December 2024

(750,475

)

11.	RELATED PARTY DISCLOSURES

Sanica Isi Sanayi Anonim Sirketi

Parent company

Included within other creditors are amounts due to this company of Nil (2023 - Nil) at the balance sheet date.

There were purchases from this company during the period under review.

Included within trade creditors are amounts due to this company of £1,429,843.98 (2023 - £351,596.02 ) at the balance sheet date.

12.	CONTROLLING PARTY - PARENT COMPANY

Saints Isi Sanayi Anonim Sirketi (A company incorporated in Turkey)